Grayscale Bitcoin Trust ETF
GBTC- Exchange
- NYSE
- Industry
- Commodity Contracts Brokers & Dealers
- SEC CIK
- 0001588489
No open-market purchases or sales by Grayscale Bitcoin Trust ETF insiders were filed in the last 90 days; 605 institutions reported holding it in 13F filings for Q2 2026, worth $1.27B in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Grayscale Bitcoin Trust ETF as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 740
- −29 vs. Q3 2025
- Shares held
- 32.8M
- −720.7K (−2.1%) vs. Q3 2025
- Total value
- $2.25B
- −$759.2M (−25.2%) vs. Q3 2025
- New holders
- 91
- 163 more added
- Sold out
- 120
- 236 more reduced
18 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting GBTC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 605 | $1.27B |
| Q1 2026 | 660 | $1.67B |
| Q4 2025 | 740 | $2.25B |
| Q3 2025 | 787 | $3.02B |
| Q2 2025 | 766 | $2.99B |
| Q1 2025 | 715 | $2.25B |
| Q4 2024 | 758 | $2.61B |
| Q3 2024 | 621 | $1.82B |
| Q2 2024 | 663 | $2.68B |
| Q1 2024 | 648 | $4.28B |
| Q4 2023 | 47 | $591.8M |
| Q3 2023 | 44 | $436.3M |
| Q2 2023 | 45 | $445.7M |
| Q1 2023 | 43 | $378.0M |
| Q4 2022 | 48 | $196.5M |
| Q3 2022 | 50 | $86.4M |
| Q2 2022 | 46 | $153.6M |
| Q1 2022 | 56 | $248.1M |
| Q4 2021 | 66 | $328.8M |
| Q3 2021 | 59 | $369.9M |
| Q2 2021 | 59 | $341.2M |
| Q1 2021 | 75 | $538.7M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Birch Hill Investment Advisors LLC | 102,850 | $7.03M | 0.29% | 00.0% | Unchanged |
| Blair William & Co | 107,329 | $7.34M | 0.02% | −228−0.2% | Reduced |
| Once Capital Management, LLC | 107,700 | $7.36M | 1.86% | 00.0% | Unchanged |
| Fielder Capital Group LLC | 112,760 | $7.71M | 1.64% | −7,706−6.4% | Reduced |
| Ieq Capital, LLC | 117,106 | $8.01M | 0.02% | +4,000+3.5% | Added |
| Sequoia Financial Advisors, LLC | 118,945 | $8.13M | 0.05% | −1,156−1.0% | Reduced |
| Pasadena Private Wealth, LLC | 119,266 | $8.15M | 1.11% | −2,096−1.7% | Reduced |
| Renaissance Technologies LLC | 120,100 | $8.21M | 0.01% | +87,900+273.0% | Added |
| SLT Holdings LLC | 122,775 | $8.39M | 5.60% | +173+0.1% | Added |
| Lakewood Capital Management, LP | 123,500 | $8.44M | 0.59% | 00.0% | Unchanged |
| Foundations Investment Advisors, LLC | 127,107 | $8.69M | 0.11% | −2,525−1.9% | Reduced |
| Fiduciary Alliance LLC | 134,253 | $9.18M | 0.60% | +4,221+3.2% | Added |
| Sloy Dahl & Holst, LLC | 134,430 | $9.19M | 1.10% | −318−0.2% | Reduced |
| Creative Planning | 135,990 | $9.30M | 0.01% | +788+0.6% | Added |
| Atlas Wealth Partners, LLC | 142,712 | $9.76M | 10.72% | −3,646−2.5% | Reduced |
| RBF Capital, LLC | 150,000 | $10.3M | 0.47% | 00.0% | Unchanged |
| Mariner, LLC | 173,207 | $11.8M | 0.01% | +2,088+1.2% | Added |
| Cetera Investment Advisers | 184,976 | $12.6M | 0.01% | +132,219+250.6% | Added |
| Wealth Enhancement Advisory Services, LLC | 184,647 | $13.3M | 0.02% | −5,677−3.0% | Reduced |
| Lido Advisors, LLC | 159,295 | $13.9M | 0.05% | +14,139+9.7% | Added |
| Commonwealth Equity Services, LLC | 207,463 | $14.2M | 0.02% | −21,054−9.2% | Reduced |
| Old Mission Capital LLC | 221,544 | $15.1M | 0.59% | −82,865−27.2% | Reduced |
| DRW Securities, LLC | 232,691 | $15.9M | 1.21% | +214,937+1,210.6% | Added |
| Cresset Asset Management, LLC | 243,904 | $16.7M | 0.07% | −15,762−6.1% | Reduced |
| Colony Group, LLC | 221,130 | $16.9M | 0.02% | +20,951+10.5% | Added |
| Cambridge Investment Research Advisors, Inc. | 259,925 | $17.8M | 0.05% | −8,653−3.2% | Reduced |
| Beaumont Financial Advisors, LLC | 271,467 | $18.6M | 1.22% | −2,901−1.1% | Reduced |
| One Charles Private Wealth Services, LLC | 278,603 | $19.0M | 4.92% | −10,807−3.7% | Reduced |
| Kingswood Wealth Advisors, LLC | 283,835 | $19.4M | 0.94% | −1,113−0.4% | Reduced |
| Multicoin Capital Management, LLC | 302,251 | $20.7M | 18.06% | −1,019,557−77.1% | Reduced |
| Moors & Cabot, Inc. | 315,519 | $21.6M | 0.92% | −382−0.1% | Reduced |
| EagleClaw Capital Managment, LLC | 332,841 | $22.8M | 3.29% | −1,625−0.5% | Reduced |
| Wealthfront Advisers LLC | 354,702 | $24.2M | 0.05% | −18,728−5.0% | Reduced |
| Mad River Investors | 360,454 | $24.6M | 11.23% | −500−0.1% | Reduced |
| MSRH, LLC | 422,078 | $28.9M | 32.21% | +422,078 | New |
| Susquehanna International Group, LLP | 521,072 | $35.6M | 0.05% | +365,151+234.2% | Added |
| Greenwich Wealth Management LLC | 635,001 | $40.3M | 1.80% | −1,896−0.3% | Reduced |
| HighTower Advisors, LLC | 620,363 | $42.4M | 0.05% | −6,065−1.0% | Reduced |
| LPL Financial LLC | 977,214 | $66.8M | 0.02% | −42,860−4.2% | Reduced |
| Horizon Kinetics Asset Management LLC | 14,113,593 | $964.8M | 13.05% | −67,607−0.5% | Reduced |
| IMC-Chicago, LLC | 0 | $0 | 0.00% | −208,201−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −129,212−100.0% | Sold out |
| TB Alternative Assets Ltd. | 0 | $0 | 0.00% | −85,657−100.0% | Sold out |
| Consolidated Portfolio Review Corp | 0 | $0 | 0.00% | −72,812−100.0% | Sold out |
| Ribbit Management Company, LLC | 0 | $0 | 0.00% | −29,309−100.0% | Sold out |
| Summit Trail Advisors, LLC | 0 | $0 | 0.00% | −23,545−100.0% | Sold out |
| Cynosure Management, LLC | 0 | $0 | 0.00% | −20,079−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −19,144−100.0% | Sold out |
| Bellwether Advisors, LLC | 0 | $0 | 0.00% | −17,609−100.0% | Sold out |
| Stevens Capital Management LP | 0 | $0 | 0.00% | −13,520−100.0% | Sold out |
| Runnymede Capital Advisors, Inc. | 0 | $0 | 0.00% | −12,608−100.0% | Sold out |
| Matrix Private Capital Group LLC | 0 | $0 | 0.00% | −11,575−100.0% | Sold out |
| Synergy Financial Management, LLC | 0 | $0 | 0.00% | −11,678−100.0% | Sold out |
| BEAM Asset Management, LLC | 0 | $0 | 0.00% | −10,807−100.0% | Sold out |
| Princeton Capital Management LLC | 0 | $0 | 0.00% | −7,223−100.0% | Sold out |
| Sassicaia Capital Advisers LLC | 0 | $0 | 0.00% | −6,000−100.0% | Sold out |
| OneAscent Financial Services LLC | 0 | $0 | 0.00% | −5,931−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −5,694−100.0% | Sold out |
| Summit Wealth Group LLC | 0 | $0 | 0.00% | −2,875−100.0% | Sold out |
| Rahlfs Capital, LLC | 0 | $0 | 0.00% | −4,870−100.0% | Sold out |
| Ciovacco Capital Management LLC | 0 | $0 | 0.00% | −7,748−100.0% | Sold out |
| Buckingham Strategic Partners | 0 | $0 | 0.00% | −4,416−100.0% | Sold out |
| Arete Wealth Advisors, LLC | 0 | $0 | 0.00% | −4,133−100.0% | Sold out |
| Adalta Capital Management LLC | 0 | $0 | 0.00% | −4,035−100.0% | Sold out |
| Laidlaw Wealth Management LLC | 0 | $0 | 0.00% | −3,695−100.0% | Sold out |
| Objective Capital Management, LLC | 0 | $0 | 0.00% | −3,400−100.0% | Sold out |
| MJP Associates Inc | 0 | $0 | 0.00% | −3,310−100.0% | Sold out |
| SlateStone Wealth, LLC | 0 | $0 | 0.00% | −3,000−100.0% | Sold out |
| Centric Wealth Management | 0 | $0 | 0.00% | −3,119−100.0% | Sold out |
| Meridian Financial Partners LLC | 0 | $0 | 0.00% | −2,737−100.0% | Sold out |
| First Heartland Consultants, Inc. | 0 | $0 | 0.00% | −2,924−100.0% | Sold out |
| Horizon Wealth Management, LLC | 0 | $0 | 0.00% | −2,921−100.0% | Sold out |
| Fermata Advisors, LLC | 0 | $0 | 0.00% | −2,907−100.0% | Sold out |
| Osborne Partners Capital Management, LLC | 0 | $0 | 0.00% | −2,905−100.0% | Sold out |
| SWP Financial LLC | 0 | $0 | 0.00% | −2,895−100.0% | Sold out |
| MWA Asset Management | 0 | $0 | 0.00% | −2,877−100.0% | Sold out |
| Sound View Wealth Advisors Group, LLC | 0 | $0 | 0.00% | −2,870−100.0% | Sold out |
| Gilman Hill Asset Management, LLC | 0 | $0 | 0.00% | −2,764−100.0% | Sold out |
| Canal Capital Management, LLC | 0 | $0 | 0.00% | −2,730−100.0% | Sold out |
| Hengehold Capital Management LLC | 0 | $0 | 0.00% | −2,714−100.0% | Sold out |
| Belvedere Trading LLC | 0 | $0 | 0.00% | −2,714−100.0% | Sold out |
| Paragon Financial Partners, Inc. | 0 | $0 | 0.00% | −2,710−100.0% | Sold out |
| KMG Fiduciary Partners, LLC | 0 | $0 | 0.00% | −2,699−100.0% | Sold out |
| CWA Asset Management Group, LLC | 0 | $0 | 0.00% | −2,697−100.0% | Sold out |
| Tactive Advisors, LLC | 0 | $0 | 0.00% | −2,670−100.0% | Sold out |
| Summit Asset Management, LLC | 0 | $0 | 0.00% | −2,665−100.0% | Sold out |
| Vestia Personal Wealth Advisors | 0 | $0 | 0.00% | −2,651−100.0% | Sold out |
| Gladstone Institutional Advisory LLC | 0 | $0 | 0.00% | −2,650−100.0% | Sold out |
| Cooksen Wealth, LLC | 0 | $0 | 0.00% | −2,646−100.0% | Sold out |
| Cornerstone Advisory, LLC | 0 | $0 | 0.00% | −2,643−100.0% | Sold out |
| Purkiss Capital Advisors LLC | 0 | $0 | 0.00% | −2,643−100.0% | Sold out |
| Oxinas Partners Wealth Management LLC | 0 | $0 | 0.00% | −2,630−100.0% | Sold out |
| TCFG Wealth Management, LLC | 0 | $0 | 0.00% | −2,621−100.0% | Sold out |
| Unique Wealth Strategies, LLC | 0 | $0 | 0.00% | −2,620−100.0% | Sold out |
| Financial Insights, Inc. | 0 | $0 | 0.00% | −2,616−100.0% | Sold out |
| 25 LLC | 0 | $0 | 0.00% | −2,613−100.0% | Sold out |
| Boomfish Wealth Group, LLC | 0 | $0 | 0.00% | −2,608−100.0% | Sold out |
| Kennicott Capital Management LLC | 0 | $0 | 0.00% | −2,601−100.0% | Sold out |
| BNC Wealth Management, LLC | 0 | $0 | 0.00% | −2,600−100.0% | Sold out |
| Redwood Investment Management, LLC | 0 | $0 | 0.00% | −2,568−100.0% | Sold out |